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Feb 25, 2010
02/10
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CNBC
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>> i'm going to be talking about bernanke. . i think becky's selling it short saying it's a repeat performance. i like yours better. >> how am i selling this short? >> i don't i think it's a repeat in that it's the same thing. >> you think he's going to make news and say something different? >> it's a little different. he heads into day two of the testimony today. it's the sem any annual testimony to congress. he delivered a clear message on rates yesterday. they will stay low for several months. overlooked in that testimony yesterday, and sure to get more attention today, beck y was fed chairman's pitch to keep the fed as a major banking regulator. the senate is considering stripping those powers as part of a broader overhaul of the banking powers now in the state. >> the crisis has once again done straighted the federal reserve's ability to identify and address diverse and hard to predict threats to financial stability, depends critically on the information, expertise and powers that it has by virtue of being both a bank super
>> i'm going to be talking about bernanke. . i think becky's selling it short saying it's a repeat performance. i like yours better. >> how am i selling this short? >> i don't i think it's a repeat in that it's the same thing. >> you think he's going to make news and say something different? >> it's a little different. he heads into day two of the testimony today. it's the sem any annual testimony to congress. he delivered a clear message on rates yesterday. they...
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Feb 24, 2010
02/10
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CNBC
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see how bernanke characterizes that. if that weren't enough drama this is bernanke's first testimony since winning confirmation by the senate in january. and there is still plenty of anger on the hill about the bailouts and debate about the fed's role in the new regulatory world which is still under discussion in washington. the mix of tightening talk, easy money walk, economic outlook, populist anger should make for a compelling couple hours not to mention, mark, the s&p auction rick mentioned, bond auction later in the day, toyota, and now bernanke. an interesting day, mark. >> thank you very much, steve liesman. >>> toll brothers reporting narrower than expected quarterly loss. shares higher in premarket. next, we will go inside those toll brothers numbers. >>> plus the bernanke testimony steve referred to. possibly new short selling rules for the market. new home sales. the president meeting with top business leaders. it's all on "squawk on the street" plus of course the toyota testimony. >> which brings us to our st
see how bernanke characterizes that. if that weren't enough drama this is bernanke's first testimony since winning confirmation by the senate in january. and there is still plenty of anger on the hill about the bailouts and debate about the fed's role in the new regulatory world which is still under discussion in washington. the mix of tightening talk, easy money walk, economic outlook, populist anger should make for a compelling couple hours not to mention, mark, the s&p auction rick...
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Feb 25, 2010
02/10
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CNBC
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bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance reforms, cutting the deficit and sxabding health care coverage. treasury secretary timothy geithner meeting with financial industry groups today at 11:00 a.m. new york time and this comes as it's said the obama administration is close to saving a reform bill. reports say geithner met with bankers on wednesday night to discuss the matter. >> toyota closed down 0.2% after staying in positive territory. overnight, the company's president apologized to u.s. congress and millions of toyota drivers over its recent safety issues. and speaking to employees
bernanke will avoid mngzing the timing of a rate hike. he told a house panel on wednesday that rates will continue to remain low for an extended period. this is coming at the same time that president obama will square off with lawmakers today in a last ditch effort to salvage his health care reform plan. republicans and democrats will meet at the blair house for a nationally televised health care summit beginning at 10:00 a.m. leaders will discuss four major themes, controlling costs, insurance...
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Feb 24, 2010
02/10
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MSNBC
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by then treasury secretary hank paulson and ben bernanke. t.a.r.p. was supposed to be used to counter the mortgage crisis, not to bail out the big banks. do you believe mccain was misled? >> no, i don't, monica. the night before on nbc nightly news, you may remember john yang had a record that feerchbd john mccain saying because of his experience, he was best equipped to rhett republic arizona. now, in western inventory knack ewe lar, this ain't john's first rodeo. when he suspended his campaign to go back to washington to sit face-to-face with those decisionmakers, now a couple years later, he's telling us he was misled? i have to tell you, this is isn't revision of history. that sounds more like john kerry in 2004 than the john mccain i used to work with. >> and the mccain camp is attacking your spending record. they have a radio ad saying you talk like a conservative, but you spend like a liberal. they're citing your vote for the bridge to nowhere. you supported the 2003 medicare prescription drug benefit. what do you think of those ads? what do y
by then treasury secretary hank paulson and ben bernanke. t.a.r.p. was supposed to be used to counter the mortgage crisis, not to bail out the big banks. do you believe mccain was misled? >> no, i don't, monica. the night before on nbc nightly news, you may remember john yang had a record that feerchbd john mccain saying because of his experience, he was best equipped to rhett republic arizona. now, in western inventory knack ewe lar, this ain't john's first rodeo. when he suspended his...
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Feb 5, 2010
02/10
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>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an expensive area, i know that. i don't know. it's over there. >> reporter: over there? >> across the way. >> say it slowly. united arab emirates. >> reporter: how much is $1,000 worth of gold worth? >> $1,000 worth of gold? $1,000. >> reporter: $1,000 worth of gold is probably worth $1,000, right? >> no, more than that. >> reporter: $1,000 of gold is worth more than $1,000 of gold? >> gold is up right now. >> reporter: what is the interest rate in the country right now, what%? >> 50. >> 38. >> 38. >> 38. >> reporter: lower. >> 28. >> reporter: lower. >> 18? 8? >> reporter: higher. >> 11. >> reporter: lower. >> 10. >> reporter: yes. >> wow. what everybo
>> i want to say ben bernanke. >> reporter: who is this guy? >> looks like a crook. >> reporter: he looks like a crook? >> yeah. >> reporter: why? >> he just got that look about him, man, about to take everything you own. >> reporter: who is this man? >> dr. phil. >> i think it's raj -- >> reporter: raj rajasa? >> yeah. >> reporter: who is this man? >> what country is dubai in? >> i know it's in an...
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Feb 24, 2010
02/10
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WJZ
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. >>> stocks rallied after federal reserve chairman ben bernanke told congress, record- low interest rates are still needed to help the economy. in his twice-a-year report to congress, bernanke said the economic recovery is still in the early stages and that moderate growth will only lead to a slow decline in the unemployment rate. >>> the ceo publicly apologized to the lapses that led to the recall of more than 8 million toyotas. akio toyoda admitted that the auto group grew too fast to stay on top of safety recalls. he says he is committed to regaining the trust of every consumer. >>> a report surprised economists who were expecting a rise in sales. while winter storms upon partly to blame, new home sales have fallen now for three straight months, despite low mortgage rates for some tax buyers. one in four homeowners owed more than their home was worth late last year. rising unemployment contributed to the rise of homeowners who are under water on their loans. for more money news, you can head to cbs money watch.com. in new york, i'm alexis christoforous. >>> coming up on wjz's eye
. >>> stocks rallied after federal reserve chairman ben bernanke told congress, record- low interest rates are still needed to help the economy. in his twice-a-year report to congress, bernanke said the economic recovery is still in the early stages and that moderate growth will only lead to a slow decline in the unemployment rate. >>> the ceo publicly apologized to the lapses that led to the recall of more than 8 million toyotas. akio toyoda admitted that the auto group grew...
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Feb 25, 2010
02/10
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CNBC
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bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >> i think high single digits will probably be a reasonable expectations. >> and what would be the way given the various factors in china importantly, what is the way to play that? is that a cyclical recovery or something else. >> i think part of it will be cyclical recovery. i think that you want to step into a very global modest story right now. i think that china will continue to grow significantly, i was there last week for nine days, and you cannot have words to describe the frenetic pace. >> what would you take in industrials now. >> i think so, kind of lean forward, into industrials, play that global growth story. i
bernanke's going to stay liquid, he's going to stay accomodated for a good long time and that's a mixed message. the fed's really not going to tighten, not going to make things difficult for us and then again the credit and the economy still needs a little bit support. we kind of grind out 2010, i think that we end up higher on the year but it's going to be a tough road down. >> so, do we end higher overall, you say? >> i think so in the u.s. >> substantially higher? >>...
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Feb 5, 2010
02/10
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we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at 1130, the stock market droops here. the second time in a row. guys in europe are getting concerned. they want to lighten up. second thing that happened that's important here, is dollarle rallied at the exact same moment we had yesterday. of course, what happens when that happens? it puts pressure on commodities and puts pressure on commodity stocks. all the big names in energy and the material groups on the weak side. and sharon, we saw a heck of a lot of contracts traded in oil in the last hour and a half. >> that's right. over 400,000 contracts traded today, bob, and this is the second straight day of massive contract
we have word that ben bernanke is set to testify. >> i'm sue herera. there are some bright spots. travelers, at&t, walmart and dupont are among the dow's 30 winners. >> ppl beat the street. the ceo will join us first on cnbc. tyson foods smashing analysts' estimates. ate na pushing higher. we should get to the market. >> i'm dennis neil. let's get straight to this market action. let's go to bob pisani. >> here's a couple of headlines here. stocks close in europe at...
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Feb 14, 2010
02/10
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CSPAN
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the federal reserve chairman, ben bernanke, said that we cannot allow ourselves to be in a situation where the debts continue to rise and are unsustainable. the former treasury secretary said that it is clearly unsustainable in. the former head of the gao said it we are on an imprudent and unsustainable long-term fiscal path. as the former chairman of the federal reserve, alan greenspan said the the budget is on an unsustainable path. notice any similarities? unsustainable, unsustainable, unsustainable. look, i know that there is a sense of denial amongst our colleagues. about the seriousness of the threat. i see it every day. i just came from a meeting where i saw it. this is tough, but it has got to be dealt with. if we let this get away from us, we will rue the day, rue the day. regretting forever the consequences for the country. whether it is through a proposal from the president or some other method, we have got to deal with the consequences of a failure to act. so, we have to back. the sooner, the better. we will go out to our witnesses. doctor, thank you so much for being her
the federal reserve chairman, ben bernanke, said that we cannot allow ourselves to be in a situation where the debts continue to rise and are unsustainable. the former treasury secretary said that it is clearly unsustainable in. the former head of the gao said it we are on an imprudent and unsustainable long-term fiscal path. as the former chairman of the federal reserve, alan greenspan said the the budget is on an unsustainable path. notice any similarities? unsustainable, unsustainable,...
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Feb 25, 2010
02/10
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bernanke said yesterday that the job market remains weak even though the economy is recovering. there is some good economic news. everything from washing machines to airplanes jump 3d% in january and the second monthly increase in a row. >>> coca-cola is changing the way it does business. spending more than $12 million to buy the large bottler. from using independent bottlers to controlling the process. pepsi has recently moved in that direction, as well. >>> get this, a relative of burr nad madoff is changing her name. she is married to buernie's son mark. she filed court papers for herself and her two kids to drop the madoff name. she probably doesn't want that out there, robben . >> she just wants to leave the name alone. >> completely. she's still married. it's not that. it's just the name. >>> a teacher danceoff sounded like kind of a fun idea for a pep rally until it became a lap dance dance off. >>> one of the most taulked abot people at the olympics may be heading home. >>> if you're running late, you must not have signed up for my wake-up call yet. how does this work? f
bernanke said yesterday that the job market remains weak even though the economy is recovering. there is some good economic news. everything from washing machines to airplanes jump 3d% in january and the second monthly increase in a row. >>> coca-cola is changing the way it does business. spending more than $12 million to buy the large bottler. from using independent bottlers to controlling the process. pepsi has recently moved in that direction, as well. >>> get this, a...
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Feb 18, 2010
02/10
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CSPAN2
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with this bubble that of course is going to burst and that is what i get so mad at people like ben bernanke. most economists, god knows what on earth was going through their heads as they watch the bubble keep grow and grow and grow and said everything was okay. now they are surprised fukuda agnone? that is a joke we have around washington. anyone who is doing their job should have known. >> host: amity shlaes anything there you want to address? >> guest: i think it is important to think about the interplay between the war in domestic policy because it is true the government can think about two things at once. it cannot walk and chew gum at the same time and when you have a distraction, whether you believe it is something we should invest then, afghanistan, iraq, the government does not think well about what is going on at home so if you called on our various leaders that the fed or at the white house over time under, in this period under president bush,'s september 11 you would say are you concerned about fannie mae? they would say absolutely, here's the data and they are going out of cont
with this bubble that of course is going to burst and that is what i get so mad at people like ben bernanke. most economists, god knows what on earth was going through their heads as they watch the bubble keep grow and grow and grow and said everything was okay. now they are surprised fukuda agnone? that is a joke we have around washington. anyone who is doing their job should have known. >> host: amity shlaes anything there you want to address? >> guest: i think it is important to...
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Feb 17, 2010
02/10
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now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes you a little currentble if you're deciding what you're going to do with your investments. not only that, but the next day the president of the united states comes on national television and says the following, speak to the american people, just to get them, you know, calm down a little bit, he says, financial assets related to home mortgages have lost value during the housing decline and the banks holding these assets are are restricted credit. as a result our entire economy is in danger. so i propose that the federal government reduce the risk posed by these troubled assets and supply urgently needed
now we might not remember this because we probably didn't keep track of everything that paulson and bernanke and george bush did, but lehman falls on september 15, then what we have is on september 23 the chairman of the federal reserve and the secretary of treasury come into congress and they testify that they need $700 billion, they've got a 2 1/2-page bill, they don't know what they're going to do with the money, but if you don't give it to them then the world is going to end. now that makes...
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Feb 17, 2010
02/10
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we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the money market funds saved. if we have 3.5 trillion fun missile by 30 million people who on is and they might are worrying about whether they can get their money that was half of all the process held by u.s. banks at the time you have a panic. you had commercial paper frees up entirely in the biggest companies of the united states and some are described in this book that worried whether they were going to meet their payroll and a short period of time to read the sixth largest bank in the country in terms of the domestic deposits, washington mutual failed over a weekend. y
we had hank, ben bernanke tim geithner and sheila bair the head of the fdic. i know a lot of people in finance and a lot of people in business and government. and i can't think of for that would have done a better job of getting us through that. now it's kind of fashionable to look back and pick at one aspect or another of what was happening and our country's financial system froze up during that period. some of you in this room were at a party i was at in september of 2008, one to talk was the...
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Feb 15, 2010
02/10
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presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved, 1971 was started getting this concept of presidents day morphing of washington and lincoln's birthday and then the idea of just celebrating the institute of the president and having school children learn each president and what they look like and memorize the names. but washington is, in my view, the person we need to be celebrating on presidents' day. he did something very extraordinary as our first president, he stepped down. he showed you could relinquish power. that we were not going to become a market. he could have stayed in for life terms because he was that popular but i think it was the beginning of the
presidential historian, rice university history professor and no stranger to the audience at c-span2, douglas bernanke -- douglas brinkley. thank you for joining us this morning. guest: good morning. thanks for having me. host: if president stay were a holiday celebrating just one president, it there or one president to honor, who would it be for you and why? guest: i think the original, george washington. remember presidents day began as washington's birthday in 1880 and subsequently evolved,...